Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 8.00

Rebert Inc

Use the following information for exercises 16-40 and 16-42:

Rebert Inc. showed the following balances for last year:

 

 

January 1

December 31

Stockholder’s equity:

 

 

Preferred stock, $100 par 8%

$4,000,000

$4,000,000

Common stock, $3 par

3,000,000

3,000,000

Additional paid in capital*

4,800,000

4,800,000

Retained earnings

4,000,000

4,250,000

Total stockholder’s equity

$15,800,000

$16,050,000

*For common stock only.

Rebert’s net income for last year was $3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is $51.50. 

Required:

  1. Compute the dollar amount of preferred dividends.
  2. Compute the number of common shares.
  3. Compute earnings per share. (Note: Round to two decimals.)
  4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 03:08 PM My Price 8.00

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